DTN Closing Livestock Comment 06/05 15:55
5 Jun 2024
DTN Closing Livestock Comment 06/05 15:55 Technical Pressure Continues to Drive Livestock Contracts Lower Be ready Thursday morning for the week's export sales report and continue monitoring the cash market for any trade that could develop. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was another day of lower closes for the livestock complex as all three of the markets rounded out Wednesday with a lower end. Still no cash cattle trade has developed, but packer interest is expected to increase by Thursday. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.06 with a weighted average price of $88.72 on 5,875 head. July corn is down 3 1/4 cents per bushel and July soybean meal is up $4.40. The Dow Jones Industrial Average is up 96.04 points.